Program type for investment program

Hi guys.
need some inputs for my understanding
Now i am configuring IM for one of the clients. i am new to IM. As per my undestanding of IM program type, there will be one Program type.
1. for suppose for 2010, I will make a programe type. After completion of this Year, for 2011 is it so required that i have to make a programe type for 2011??? or can i make this as master and proceed till 2020?????
2. As profile of planning and and budgeting is done with time frame of past:1 year and future 10 years, will the programe type for 2010 can continue till 2020??
Regards
SURYA

To create an IM program you need a program type
1) for each year you can create an IM program with same type but different approval year. Program type is like project profile in PS
2) Yes
suggest you read SAP help or attend relevant training course AC020

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